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24th Mar 2021. 7.49am

Regency View:

Morning Report – Wednesday 23rd March

FTSE to open at 6,667 (-32 pts)

Asian stocks hit two-month lows overnight as the US dollar strengthen to four-month highs following European COVID-19 lockdowns and the posiibility of U.S. tax hikes – denting risk appetite.

The Hang Seng has broken below a key level of support today and this marks a medium-term top of Asian equities – setting us up for a weak start to European trading.

S&P 500-0.76%Bearish for UK stocks
Hang Seng+2.04%Bearish for UK stocks
Gold+0.03%Neutral for UK stocks
AUD/JPY-0.37%Bearish for UK stocks
US 10yr Yield-1.07%Bullish for UK stocks
Regency Risk Barometer Snapshot

The FTSE failed to muster another fightback and closed below the 6,705 support level that we’ve highlighted over the last week.

A move down towards the ascending trendline just above 6,600 now looks the most likely scenario.

FTSE 100 Daily Rolling Futures – Key Levels

FTSE 100 Daily Rolling Futures – Key Levels
Final Results
Anglo Pacific (APF)
Burford Capital (BUR)
Circassia (CIR)
Cppgroup (CPP)
Ecsc Group (ECSC)
Kenmare Resources (KMR)
Keywords Studio (KWS)
Mhp Reg S (MHPC)
Pendragon (PDG)
Sopheon (SPE)
Strix Group (KETL)
Tclarke (CTO)
Telit (TCM)
Interim Results
Applied Graph. (AGM)
Bellway (BWY)
Softcat (SCT)
Q4 Results
Mhp Reg S (MHPC)
Trading Announcements
Diploma (DPLM)
UK Economic announcements
(07:00) Consumer Price Index
(07:00) Retail Price Index
(07:00) Producer Price Index
International Economic Announcements
(11:00) MBA Mortgage Applications (US)
(12:30) Durable Goods Orders (US)
(14:30) Crude Oil Inventories (US)
Today’s Financial Diary

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This research is prepared for general information only and should not be construed as any form of investment advice.